Loan Comparison: 3.56% vs 6.5%
19117 Murphy Road, Peyton, CO 80831 · 3bd/2ba · $325,000
List Price
$325,000
Assumable Rate
3.56%
Remaining Balance
$78,912
Equity Gap
$246,087
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$246,087
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.56% (FHA)
Blended Rate: 6.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 3.56% + gap loan
$1,964/moAssumed loan: $357/mo
Gap financing: $1,607/mo
Your Savings on This Property
19117 Murphy Road, Peyton · 3.56% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($246,087) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($229,837 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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